Wall Street Greed: Insiders & Outsiders

Greed was once more the occasion for moralistic comment in the wake of last fall’s Ivan Boesky affair. Newsweek led its December 1 story with a quote from a Boesky commencement address at the University of California’s School of Business Administration that situated greed in the culture of narcissism: “You can be greedy and still feel good about yourself.” The magazine also reported an anti-Semitic undercurrent to the jokes going the rounds of Wall Street. This was pro...